Perhaps the Minister could look at one charity which is very much involved with the young and with deprived and vulnerable people. It distributes about £50 million a year, which is a not inconsiderable sum. I refer to the Gatsby Trust—a charity in which the noble Lord, Lord Sainsbury of Turville, has a direct interest. I have not looked at the accounts for quite a while and so do not want to be held either to the figure of £50 million a year or to the distribution costs, which I think are 4.3 per cent. A little consultation with the noble Lord, Lord Sainsbury, might be helpful in thinking about how to take what at the beginning is a relatively modest amount of money each year and distribute it nationally in the most efficient and effective way.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Viscount Eccles
(Conservative)
in the House of Lords on Tuesday, 15 January 2008.
It occurred during Debate on bills
and
Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Type
Proceeding contribution
Reference
697 c472GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-16 02:36:23 +0000
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